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Meaning of depegging | Babel Free

Noun CEFR B2

Definitions

  1. The process where a nation or entity allows the value of its currency to fluctuate freely in the foreign exchange market, removing the fixed exchange rate or peg to another currency.
    countable, uncountable
  2. A situation where a stablecoin loses its fixed value and trades at a price that is significantly different from its intended peg.
    countable, uncountable

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

depemokimab depenalization depend dependa Dependability Dependable

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